Florida HB87 - Speedy Foreclosure Coming to Florida

[Shawn Yesner]

Florida foreclosures are about to change based on today's effective date of this new law, and I am finishing up a blog describing the intricacies of the law in a bit more detail. My personal opinion is that we've seen the end of Short Sales in Florida, that foreclosure backlogs are going to decrease, new foreclosures will speed up, and investors will have to use more "traditional" subject-to, lease-options, hard money loans, LLC, Land Trusts, etc. in order to buy FL distressed property. For those who invest in Florida, I would love to know your thoughts. Here's a to the text of the bill - http://flsenate.gov/Session/Bill/2013/0087/BillText/er/PDF.